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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
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Experience:  10 years experience
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Goal is to minimize partnership taxes I have real estate

Customer Question

Goal is to minimize partnership taxes
I have real estate development partnership with lots
Want to transfer or sell lot if required to nice education trust for lowest price. Trust funded with FMV 65000 lot
Concerned about partnership tax avoid SE tax and how trust is taxed.
Submitted: 2 months ago.
Category: Tax
Expert:  PDtax replied 2 months ago.

Hi from just answer. I'mCustomer I can assist.

I think I have a specialcal tax code exception for your situation. I'll need to research it, and will post an offer for the research time. It involves capital gain treatment for the partial sale. Accept, and I can work on this in the morning.

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